Genel Energy PLC Conversion of Suspended Voting Ordinary Shares (8977E)

TIDMGENL

RNS Number : 8977E

Genel Energy PLC

13 February 2015

13 February 2015

Genel Energy Plc (the "Company")

Conversion of Suspended Voting Ordinary Shares to Voting Ordinary Shares

The Company announces that, following the disposal of 2,000,000 Voting Ordinary Shares by Elysion Energy Holding BV on 10 December 2014 and ii) 1,400,000 Voting Ordinary Shares by Elysion Energy Holding BV on 16 December 2014, to third party purchasers who are not Affiliates (as such term is defined in the statement of rights attaching those shares), it has converted Suspended Voting Ordinary Shares, in accordance with their terms, into 3,916,616 Voting Ordinary Shares, each of which will rank pari passu with the existing Voting Ordinary Shares.

For further information please contact:

Sarah Robertson, Company Secretary

Phil Corbett, Head of Investor Relations

Genel Energy

[phone]

Notes on voting rights

The Suspended Voting Ordinary Shares were issued to the selling shareholders of Genel Energy International Limited in consideration for its merger with the Company in November 2011 so as to ensure that such selling shareholders and their affiliates' aggregate holding of Voting Ordinary Shares did not and does not exceed 30%.

In total, the Voting Ordinary Share capital of the Company has increased by 3,916,616 Voting Ordinary Shares to 248,620,151 Voting Ordinary Shares.

Applications will be made to the UK Listing Authority for 3,919,616 Voting Ordinary Shares to be admitted to the standard listing segment of the Official List of the UK Listing Authority, and to the London Stock Exchange plc for the same 3,919,616 Voting Ordinary Shares to be admitted to trading on the London Stock Exchange's main market for listed securities (Admission). It is expected that the Admission will become effective, and that dealings in such shares will commence, at 8.00 a.m. on or around 18 February 2015.

Following the Admission on 18 February 2015 the total number of Ordinary Shares will be 278,241,836 (of which 248,620,151 will be Voting Ordinary Shares and 29,621,685 will be Suspended Voting Ordinary Shares).

This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell or otherwise dispose of, any securities. The securities of the Company referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States unless they are registered with the U.S. Securities and Exchange Commission or an exemption from the registration requirements of the Securities Act is available. The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCPKNDKQBKDNBD